Gold prices climbed ₹5,091 to ₹1.44 lakh per 10 grams in futures trade on Wednesday (March 25, 2026) amid strong global trends and a weak U.S. dollar.

On the Multi Commodity Exchange, gold for the April contract appreciated by ₹5,091, or 3.66%, to ₹1,44,003 per 10 grams.

Analysts said the rally in bullion was driven by improving sentiment in the global commodities market.

“Gold prices experienced a notable rally on Wednesday driven by easing geopolitical tensions surrounding the US-Iran conflict and expectations of potential interest rate cuts amid inflation projections,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.

The precious metals market reacted positively to the signs of a ceasefire, which has alleviated some of the panic selling witnessed earlier, he added.

In the international market, gold futures for April delivery rose $157.9, or 3.59%, to $4,559.9 per ounce.

Gold rose more than 2% on Wednesday (March 25, 2026), buoyed by a softer dollar, while a drop ‌in oil prices eased concerns about elevated inflation and higher global interest rates amid reports of a U.S. plan to end the war in West Asia, Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.

The weaker dollar made greenback-priced bullion cheaper for holders of other currencies, supporting demand, he added.

With hopes of de-escalation in West Asia and dollar strength, safe-haven demand began to reassert, reinforcing the view that gold didn’t lose its safe-haven appeal, Trivedi said.

On the outlook, he noted that gold is likely to remain sensitive to the U.S. Federal Reserve’s policy path, dollar index movements and geopolitical developments. However, the recent rebound suggests that price dips may continue to find support unless real yields rise meaningfully.